NRW.BANK launches new three-year Kangaroo

Late in the Sydney day on 12 May, NRW.BANK (AA/Aa1/AAA) launched a new three-year Kangaroo transaction. The forthcoming deal is being marketed at 53 basis points area over semi-quarterly swap, equivalent to 52.55 basis points area over Australian Commonwealth government bond. Pricing is expected on 13 May, according to lead managers Nomura, RBC Capital Markets and TD Securities.